Use the information given below to prepare the Income Statement for March 2022 according to the absorption costing metho
Posted: Tue Jul 05, 2022 11:24 am
Use the information given below to prepare the IncomeStatement for March 2022 according to the absorption costingmethod.
Use the information provided below to calculate thefollowing manufacturing variances for March 2022. Note: Each answermust state whether the variance is favourable orunfavourable.
.2.1 Labour rate variance
2.2 Labour efficiency variance
2.3 Variable overheads efficiency variance
2.4 Variable overheads expenditure variance
The following information was extracted from the accounting records of Alpha Enterprises for the month ended 31 March 2022: Sales Selling price per unit Finished products on 01 March 2022 Products manufactured during the month Variable manufacturing costs per unit Variable selling and administrative costs per unit sold Fixed manufacturing costs Fixed selling and administrative costs Additional information 3 200 units R100 400 units 3 600 units R26 R12 R25 200 R12 400 The variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March 2022 was R21.60 and R26.20 respectively.
- Use The Information Given Below To Prepare The Income Statement For March 2022 According To The Absorption Costing Metho 1 (53.92 KiB) Viewed 20 times
.2.1 Labour rate variance
2.2 Labour efficiency variance
2.3 Variable overheads efficiency variance
2.4 Variable overheads expenditure variance
The following information was extracted from the accounting records of Alpha Enterprises for the month ended 31 March 2022: Sales Selling price per unit Finished products on 01 March 2022 Products manufactured during the month Variable manufacturing costs per unit Variable selling and administrative costs per unit sold Fixed manufacturing costs Fixed selling and administrative costs Additional information 3 200 units R100 400 units 3 600 units R26 R12 R25 200 R12 400 The variable manufacturing cost per unit and total manufacturing cost per unit of the finished goods on 01 March 2022 was R21.60 and R26.20 respectively.